Next Phase Newsletter

By Alexander Vassallo, Manager of Business Development West Coast (US), Entrepreneurial Education Lead, LSN

Brisbane, Australia has a long and successful history leading world-class innovations, including the world’s first cancer vaccine – Gardasil. Now, Life Science Nation (LSN) is partnering with the Brisbane Economic Development Agency (BEDA) to deliver a new accelerator program to help ten promising MedTech companies connect with early-stage investors from around the world. The entrepreneurial education program will include a three-day immersion course, industry mentorship, and content delivered virtually over an eight-week period, concluding with a final in-person pitch event in San Francisco during JP Morgan Healthcare Week.

The syllabus includes:

• Telling your company story in a compelling way
• Developing powerful marketing collateral for partnering
• Myths and realities around fundraising
• Input from industry leaders
• A “Shark Tank” style rehearsal and participation in the Innovator’s Pitch Challenge at RESI JPM

This course will equip them with the skills and tools needed to take their fundraising campaigns and partnering initiatives to the global competitive landscape.

The program builds on LSN’s continued partnership with Life Sciences Queensland to help up-and-coming startups connect with our community of investors. We’re excited to grow our cross-border collaboration with this booming region in Australia.

By Joey Wong, Investor Research Analyst, Hong Kong BD, LSN

Life Science Nation (LSN) has successfully concluded a two, half-day education workshop in collaboration with the Chinese University of Hong Kong (CUHK) PI Centre. This has been the debut of a newly developed entrepreneurial education program. With over 75 participants signed up for the event, the diverse audience group included students, researchers, entrepreneurs, and delegates from other incubators and tech hubs.

This two-day workshop provides aspiring scientist-entrepreneurs the tools and tips needed to successfully launch a life science company and begin interacting with target partners. The first day was led by LSN CEO Dennis Ford, covering fundamental entrepreneurial concepts and a list of tactical to-dos when launching a startup. During the discussion, Dennis emphasized the importance of cross-border partnerships and understanding cultural differences in business, as well as the key to success in a highly competitive global realm being both knowledge and adaptation.

On day two, we discussed the practical side of business development. Lectures covered executing a global partnering campaign, developing effective branding and messaging, and debunking common myths about fundraising. Many insightful questions and comments were posted during the sessions, most commonly on startup valuations, estimating financial needs, timeline for fundraising, and the negotiation process with investors. The presentations offered insight, but the audience participation and questions made the content come alive with real-world problems and practical solutions.

Many thanks to the CUHK team for promoting the event, hosting the gathering, and ensuring the delivery of the workshop, despite local severe weather conditions. We anticipate that participants will use the experience to enhance their future endeavors in the global life science and healthcare arena. We look forward to working with more Asian and Hong Kong-based organizations, bringing LSN’s unique network and expertise to the local life science and healthcare startup ecosystem.

For any inquiries, please contact Joey Wong, Investor Research Analyst, HK Business Development at j.wong@lifesciencenation.com.

By Antoinette Lowre, Manager of Business Development, LSN

Eli Lilly joins RESI Boston, September 21-23, providing insight from the large pharma to the RESI community of early-stage players. Eli Lilly is committed to creating high-quality medicines through every aspect of business and the people they serve, stating that “Lilly unites caring with discovery to create medicines that make life better for people around the world.” This is central to Life Science Nation (LSN)’s mission of connecting early-stage life science with capital and channel partners to see healthcare advance. We are thrilled to bring Eli Lilly to RESI to add value to the community and provide new opportunities for investors and founders to gain more exposure to early-stage life science players.

In addition to a Title Sponsorship, Eli Lilly will send a team to source assets within the following sectors and indications:

1. Genetic Medicine – RNA, Gene-editing, and Gene therapy, including associated delivery technology (e.g. next-gen AAV capsids and non-viral approaches)
2. Neuroscience, including technology and tools to achieve CNS delivery of therapeutics.
3. Obesity/Diabetes, including approaches to broaden therapeutic administration routes.

If your product and technology align with these sectors, reach out to us to connect with Eli Lilly at RESI Boston.  Partnering opens soon, so sign up today!

To explore the full breath of Lilly’s interests please visit https://www.lilly.com/partners.

By Claire Jeong, Chief Conference Officer, Vice President of Investor Research, Asia BD, LSN

Life Sciencen Nation (LSN)’s latest partnership features Shinhan Square Bridge (S² Bridge), a Startup Acceleration Platform based in Songdo, Incheon Metropolitan City in South Korea. Throughout the past several years, we have collaborated with many Korean organizations to support the global expansion of promising early-stage life science companies. S² Bridge will bring seven startups to RESI Boston, September 21-23, to be showcased during a 2-hour dedicated pitch session. Below are the participating companies:

LSN’s mission to facilitate connections between life science startups and investors and strategic partners is central to these partnerships, bringing S² Bridge and their participating startups to increase their visibility to our global ecosystem. Ji Sun (Julia) Lee, CEO of S2 Bridge said, “South Korea’s biotech industry has made significant progress throughout the ongoing pandemic and is only continuing to grow. As global partnerships and collaborations are key to success particularly in the life science industry, we hope that our partnership with LSN and RESI serves as an opportunity to properly showcase Korean startups and their innovativeness to the global market.”

Learn more about S² Bridge and their partnering organizations:

Shinhan Square Bridge (S² Bridge) Incheon

With the motto of “One Place, One Platform”, 『Shinhan Square Bridge (S² Bridge) Incheon』 is a platform that supports the growth of startups in cooperation with government agencies and the private sector. S² Bridge was established as the first public-private Startup Acceleration Platform in South Korea, with the dream of becoming a global startup innovation growth hub.

S² Bridge is located in Songdo, a city in South Korea recognized as a global business center and biocluster. Key partnering organizations include Shinhan Financial Group, a leading global financial group that supports an innovative investment ecosystem, and Celltrion, a global biotech company that supports open innovation opportunities to accelerate promising biotech startups, and Incheon Metropolitan City that actively helps to foster the local biotech infrastructure. From the seed to global expansion stage, S² Bridge focuses on accelerating life science startups based on their innovative technologies. The firm focuses on startups in all fields of life sciences, including novel therapeutics, microbiome, medical devices, and digital health to enter the global market and attract investment.

S² Bridge operates a one-stop investment platform with Incheon Metropolitan City and Incheon Free Economic Zone Authority (IFEZ) and supports open innovation with Shinhan Financial Group and Celltrion. Moreover, the firm supports networking and content for the expansion of the startup ecosystem by holding global conferences and providing media promotion, among other activities. The firm also provides a working space optimized for the startups’ business growth to all startup members.

Since launching in November 2020, S² Bridge has discovered and accelerated 155 promising startups with innovative technologies, and achieved investment attraction of 135.4 billion KRW (~$102M USD), a corporate value growth rate of 90.2%, and 252 cases of open innovation and resource linkage with public-private partnership.

Shinhan Financial Group / Shinhan Financial Group Hope Foundation

Shinhan Financial Group was founded in 2001 as the first private financial holding company in Korea and covers the entire financial industry with 15 group companies and continues to make the way for the global dream to become reality through 200 channels in 20 countries.

With the group’s vision of “Easier, More Comfortable, Newer Finance”, the group provides customers with various financial services to improve society as a whole. The group is taking the lead in establishing common value for mankind with the Group’s Environment, Social, Governance (ESG) Slogan of “Do the Right Thing for a Wonderful World” and is continuing the mission of “Benefitting the World through Finance”, taking pride in the group’s 40-year history of innovation.

Shinhan Financial Group Hope Foundation is a leading first-class, non-profit public interest corporation that promotes the sustainable development of companies, foundations, and CSR projects. The goal is to contribute to the development of the local community through supporting education, art and culture, employment support, and helping people with financial vulnerability.

Incheon Metropolitan City / Incheon Free Economic Zone Authority

Incheon Metropolitan City and Incheon Free Economic  Zone Authority (IFEZ) is located in the center of the Northeast Asian Economic Zone (Songdo) and actively works to create an innovative Startup Ecosystem. Based on world-class business infrastructure, the city of Incheon is creating synergy through high-tech industries and collaborations with renowned industries, universities, and research institutes to create a leading global market. Through these efforts, Incheon seeks to leap forward as the world’s largest bio-healthcare complex and lead the 4th industrial revolution. Leading domestic and international bio companies have moved in and are actively engaged in business activities. In the future, Incheon will flourish with synergistic accomplishments through the establishment of a bio-convergence industrial technology complex.

Presenting a new role model for future smart cities and establishing an urban innovation platform, Incheon Metropolitan City and IFEZ seek to become an eco-friendly city where people and nature co-exist.

Celltrion

Celltrion is Korea’s leading global biotechnology company that pioneered antibody biosimilars for the first time in the pharmaceutical industry. Celltrion has made remarkable achievements by pioneering a path that others have not taken, and rapidly grown into a global biotechnology company based on differentiated business strategies such as the development of chemical drugs, new drugs, and the U-Health Care Platform. Through these strategies, Celltrion is growing into a global comprehensive biotechnology company that promotes the value of advancing human health and welfare.

By Karen Deyo, Director of Investor Research, Israel BD, LSN

RESI Boston is rapidly approaching, and the partnering platform launch is just around the corner. Opening on August 29, attendees will be able to book meetings at our first hybrid event, either meeting in person on September 21-22, or virtually on September 23. As a partnering-focused event, much effort is made to ensure startups can identify and request meetings with investors and strategic partners who are a fit for them. Additionally, attendees can take advantage of the first in-person RESI since January of 2020 to make unexpected connections through ad hoc meetings and networking opportunities.

Sign up for our free partnering tutorials below and register for RESI before partnering opens to have as much time as possible to maximize your partnering experience!

RESI Boston Partnering Tutorial

By Rory McCann, Director of Marketing & Conference Producer, LSN

RESI Boston returns September 21-23, along with the Innovator’s Pitch Challenge (IPC) which is now full! Applications for the IPC are closed early due to the immense volume of interest. The IPC is a pitch competition designed for early-stage companies to pitch directly to a panel of investors who are a fit for their product and stage of development, specifically in the life science and healthcare spaces. The IPC has established itself as a unique opportunity for participating startups to increase their visibility, and is finally returning after more than two years of virtual pitching. Life Science Nation is proud of the number and quality of applicants and look forward to announcing the full list of 50+ finalists ahead of RESI Boston.

While pitch applications are closed, RESI Boston registration is not! Partnering opens later this month, which includes complimentary tutorials on how to use the partnering system, with detailed examples and Q&A. Register for RESI Boston in time to start booking meetings with investors based on fit and sign up to join a tutorial explaining the strengths of the platform and how to make it work for you. Still interested in pitching? Contact us to learn about upcoming pitch events at RESI!